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Dec 27, 2012
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it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could tak
it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they...
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Dec 27, 2012
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senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what the president will put forward in terms of savings and reform. adam: in roughly four days can all of you in washington get this deal done? or is it going to be some kind of a patch with some kind of dela
senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring...
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Dec 28, 2012
12/12
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also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members of
also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health...
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Dec 30, 2012
12/12
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senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they wa
senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in...
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Dec 29, 2012
12/12
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mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need much deeper spending cuts than anyone is talking about. congressman, you know what they say, well, no, no, this austerity stuff will put
mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax...
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Dec 27, 2012
12/12
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spokesperson for mitch mcconnell asked the same question and he said it was possible that some senators might be delayed in getting back here. we should point out for example there are two republican senators in maine. shibani: good luck getting home. got some work to do. dennis: it is now up to the senate to come up with a fiscal cliff compromise because the house failed to work out a plan and we are joined by two house members, marcy captor and republican congressman tom mcclintock. thank you for being with us. let's start with you, during the presidential debate, president obama said flatly we are not going to go over the fiscal cliff. it is not going to happen. is that still the case do you think? >> that has been president obama's position and it is my position and the position of the democratic caucus in the house, the position of the democratic caucus in the senate. the problem has been in the house sadly, there's a serious step on the republican side of the aisle and we were unable to reach resolution compromise, to find the scrimmage line and make a compromise to keep the ball
spokesperson for mitch mcconnell asked the same question and he said it was possible that some senators might be delayed in getting back here. we should point out for example there are two republican senators in maine. shibani: good luck getting home. got some work to do. dennis: it is now up to the senate to come up with a fiscal cliff compromise because the house failed to work out a plan and we are joined by two house members, marcy captor and republican congressman tom mcclintock. thank you...
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Dec 28, 2012
12/12
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the deal would be made by mitch mcconnell, he is the deal maker for the house and senate on fiscal issues. he talked last night like he had an offer from the president, that was denied by everybody this morning. my guess is this is for show. if there is a deal you will hear about it at 7:00 or 8:00 this evening as legislation popped onto the clerk's office in the senate hopefully getting up before midnight so they can pass in to order. what they ought to do is take bills the have already been passed by the house, the senate should amend those and pass those to the house today or tomorrow and get the business taken care of. those are pretty good bill that could be amended but we have not seen action from the senate so far. adam: three hundred million americans aged for the law into the potomac. thank you for being with us. bill beach from the heritage foundation. the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analys
the deal would be made by mitch mcconnell, he is the deal maker for the house and senate on fiscal issues. he talked last night like he had an offer from the president, that was denied by everybody this morning. my guess is this is for show. if there is a deal you will hear about it at 7:00 or 8:00 this evening as legislation popped onto the clerk's office in the senate hopefully getting up before midnight so they can pass in to order. what they ought to do is take bills the have already been...
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Dec 28, 2012
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and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not? they are deciding to spend the money and don't want to pay the bill and that is not the right time to have this conversation. shibani: is not in the household or the government. thank you very much, ha
and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't...
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Dec 29, 2012
12/12
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he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can not come up with some type of compromise, or republican and democratic leaders can not come up with some kind of compromise, would they put up the president's plan $250,000 below vote in the house, the white house officials said the speaker was noncommittal. the white house officials said that it does not appear that the debt ceiling is part of this. that is a major obstacle for republicans in the house. they said that they wanted for the president a four year plan the debt ceiling. it could help carve the vote. adam: when the president says nobody gets 100% of wha
he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can...
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Dec 28, 2012
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you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the closer we get to the end, the less likely it is you can compress an agreement into place that will have enough votes to pass. >> this is basically it. the first time in weeks the top democrat, the top republican from the house and senate have gotten together here at the white house with the president and vice preside
you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this...
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Dec 25, 2012
12/12
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come january, speaker boehner, senator mcconnell, will they be able to wrangle their caucuses. lou: i don't think they will have to wrangle them so much. i'm not sure that they are going to be pursuing what you are intimating. >> what are your thoughts? are you prepared to make compromise over this achieved asked? >> not if it retains the amnesty power, which means giving presents to those who are illegal in the country. it is a fiction to think that we suddenly embrace amnesty and abandon our principles. ronald reagan got 35% of the latino d.
come january, speaker boehner, senator mcconnell, will they be able to wrangle their caucuses. lou: i don't think they will have to wrangle them so much. i'm not sure that they are going to be pursuing what you are intimating. >> what are your thoughts? are you prepared to make compromise over this achieved asked? >> not if it retains the amnesty power, which means giving presents to those who are illegal in the country. it is a fiction to think that we suddenly embrace amnesty and...
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Dec 24, 2012
12/12
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mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act now. >> most numbers are used to spending the christmas to new year's at home, it is time to go back to the table. if anybody sees these representatives from the house in line shops are getting their christmas turkey wish them a merry christmas, civil and say go back to the table, not her own table, the table in washington. >> so there's a group of senate republicans who would vote for taxes on wealthier taxpayers now to get that done, avoid the cliff, move on and fight for spending cuts when the president asks to raise the debt ceiling in february or march. the president and speaker said it will cut
mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act...
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Dec 27, 2012
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have a time confirmed, but in being with congressional leaders on hand will be the president, mitch mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff with the president on hand tomorrow, friday, and we will shirk over that. i put different topic. even if you aren't a frequent flyer, my next guest says you can enjoy the perks of being one. like being upgraded to first class and it is not as hard as you think. now, rick, have waited for this segment for the whole show because i wanted that elite status but i don't fly enough to really earn it. so tell me, how can i get that elite status without doing all the work were spending all the money? >> typically the one bad problem with elite status if you have to fly. you don't have to fly very much. we'll give
have a time confirmed, but in being with congressional leaders on hand will be the president, mitch mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff...
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Dec 24, 2012
12/12
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mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cuts. >> i know it is hard for republicans. the president ran on a platform. 250. he won 60% of the voters. peter: we will see what senator reid puts on the floor on thursday. we will see if it is something that some of these republicans can vote for, ashley, and see if that can avoid the fiscal cliff. the president and speaker both that they will cut their vacations short and return to washington this week to keep trying to work something out. ashley: i am surprised you got anyone would you made those calls today, peter. time is running out. peter barnes nbc. peter, thank you very much. ashley: a fox business ex
mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cuts....
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Dec 30, 2012
12/12
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at the same time, if hrry reid and mitch mcconnell working on it how are you guys going to receive it when it gets over into your chamber? >> probay not well. here's the deal, this all could have been worked out some time ago. august of the end of july, the house-passed tax bill and senate over to the senate. there were free taken up an amended and take it back. that's the way things usually wowork. revenue bills must originate the house of representatives. we get to work six months ago. a work product six there and wait for the senate to take something up. here is what is troubling about all this. we will get through this this week however it turns out or next week, however turns out. you are right about the debt limit. that is going to recess well, and then just after that we have an appropriations lapse. so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we have such an nasa's spending problem is the reason why these
at the same time, if hrry reid and mitch mcconnell working on it how are you guys going to receive it when it gets over into your chamber? >> probay not well. here's the deal, this all could have been worked out some time ago. august of the end of july, the house-passed tax bill and senate over to the senate. there were free taken up an amended and take it back. that's the way things usually wowork. revenue bills must originate the house of representatives. we get to work six months ago....
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Dec 24, 2012
12/12
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senate republican leader mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesperson says this morning quote, nothing new to report. we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. >> what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference, that would be a package of about 2.6 trillion dollars. you couple that with the 1.1 trillion that's already been done, that would be close to the 4 trillion dollars that's needed to stabilize the debt and begin to bring it down. peter: the president and the speaker say they will cut their vacation short to return to washington later this week to try to get back to work to hammer s
senate republican leader mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesperson says this morning quote, nothing new to report. we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all additional tax revenue for new programs. he...
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Dec 26, 2012
12/12
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senate republican leader mitch mcconnell who can filibuster anything reid proposes, a spokesperson saying, quote, no outream from dems. we are waiting on senate democrats. if nothing's done, january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of the bush tax cuts and assuming congress does not approve the patch anded medicare doc fix, and other things. the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up for lower income earners. the maximum low rate would revert to 15% from 10% now, and investors see capital gains rate revert from 20%, revert to 20%, rather from 15% now. depending on what analysis you look at, average families could pay $2,000 to $4,000 more in taxes next year. ashley? ashley: that's the why it's called the cliff. thank you, peter. >> you bet. ashley: the speaker stuck in a storm, but the phones do work. bell ringing soon, and amazon known for customer service, especially over the holidays, but it's not cared over to the web hosting business. merry christmas for hollywood. ticket
senate republican leader mitch mcconnell who can filibuster anything reid proposes, a spokesperson saying, quote, no outream from dems. we are waiting on senate democrats. if nothing's done, january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of the bush tax cuts and assuming congress does not approve the patch anded medicare doc fix, and other things. the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up...
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Dec 26, 2012
12/12
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said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family w
said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax...
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Dec 27, 2012
12/12
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. >> senate minority leader mitch mcconnell is expected to take the senate floor a few minutes from now. he has been saying his office has been saying throughout the day when senate democrats offer a plan, republicans will review it. so republicans are very much waiting for democrats to offer a new type of fiscal cliff proposal. democrats are saying to republicans in the house, they should just pass that bill that passed the senate earlier this year, one that extends tax rates for families earning less than $250,000 a year. so very much bit of a stalemate going on here in washington as we move ever closer to the deadline. back to you. ashley: my first reaction is, so what's new? >> not much. ashley: at least it is something. but the 31st is well, the very next day. >> right. ashley: if you look past the headlines about the gridlock in washington what do the fundamentals of the economy really look like? are they not that bad? and will 2013 be the year for you to make money? certainly hope so. mark luschini, janney montgomery scott analyst joining me in an fb. in exclusive. mark, thank yo
. >> senate minority leader mitch mcconnell is expected to take the senate floor a few minutes from now. he has been saying his office has been saying throughout the day when senate democrats offer a plan, republicans will review it. so republicans are very much waiting for democrats to offer a new type of fiscal cliff proposal. democrats are saying to republicans in the house, they should just pass that bill that passed the senate earlier this year, one that extends tax rates for...
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Dec 26, 2012
12/12
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senate republican leader mitch mcconnell who can filibuster anything reid proposes, his spokesperson saying quote, no outreach from any dems. we're waiting on senate dems. so, if nothing is done, that means on january 1st, the nation faces about a five trillion dollar tax increase over 10 years through the expiration of the bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and that medicare doc fix that prevents deep cuts in medicare payments. now the lapse of the tax cuts would mean that the top tax rate would revert back to 39.6 from the clinton administration from 35% now but taxes would also go up for lower income earners. the maximum low rate would revert back to 15% from 10% now. the for investors, capital gains rates would revert to 20% from 15% now. depending on the analysis, the average family would pay 2,000 to 4 thou more in taxes next year. back to you guys. tracy: peter we were talking about the protocol. you sent a great little ted it about. you have to explain it to the viewers. the house makes these rules, three day
senate republican leader mitch mcconnell who can filibuster anything reid proposes, his spokesperson saying quote, no outreach from any dems. we're waiting on senate dems. so, if nothing is done, that means on january 1st, the nation faces about a five trillion dollar tax increase over 10 years through the expiration of the bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and that medicare doc fix that prevents deep cuts in medicare payments....